[brief comment on nickel in SMM phase] Shanghai nickel closed at the pressure multiple moving average above the negative cross today

Published: Jul 4, 2019 17:13

SMM, July 4 / PRNewswire-Asianet /-

Shanghai Ni 1908 opened at 97870 yuan / ton today. At the beginning of the day, the center of gravity fluctuated over a narrow range of 98250 yuan / ton. Subsequently, Shanghai nickel shock down, fell to 97600 yuan / ton line rebound up, above the daily average of 98200 yuan / ton, shock operation, closed at 97820 yuan / ton, compared with the previous day's settlement price rose 590yuan / ton, an increase of 0.61%, position volume decreased 13800 hands to 126000 hands, trading volume increased 92200 hands to 600000 hands. Throughout the day, the main contract of Shanghai nickel closed at Yin Cross Star, and the middle track of Boll line was explored on the shadow line, but in the face of multiple moving average resistance, we focused on whether Shanghai nickel could stabilize the 98000 yuan / ton barrier in the evening. The data were light tonight.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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[brief comment on nickel in SMM phase] Shanghai nickel closed at the pressure multiple moving average above the negative cross today - Shanghai Metals Market (SMM)